Due diligence research completed? Now what?
10/23/23 • 33 min
Due Diligence research completed? Now what?
EV sales are not up
The public is aware of Electric vehicle Fires and deaths
Manufacturers are hurting from EV failure
Great negotiating requires great due diligence.
Avoid cash or shopping talk.
No matter what you offer, the dealer will try to bump you.
Don't acknowledge the asking price
Always ask for a better price at least twice before making an offer
Talk what you know after they make 2 offers
Assertive, not aggressive
Hold your lips together tightly as the dealer plays his cards
Don't take the dealership’s position or attitude personally
ACV versus allowance.
Either way works but one at a time works best
Due diligence is your ammunition.
Due Diligence research completed? Now what?
EV sales are not up
The public is aware of Electric vehicle Fires and deaths
Manufacturers are hurting from EV failure
Great negotiating requires great due diligence.
Avoid cash or shopping talk.
No matter what you offer, the dealer will try to bump you.
Don't acknowledge the asking price
Always ask for a better price at least twice before making an offer
Talk what you know after they make 2 offers
Assertive, not aggressive
Hold your lips together tightly as the dealer plays his cards
Don't take the dealership’s position or attitude personally
ACV versus allowance.
Either way works but one at a time works best
Due diligence is your ammunition.
Previous Episode
How to overcome automotive credit issue
How to overcome automotive credit issues
Solar is better than electric but it also has issues
Trucks are not feasible as electric
Safety has become a key issue
Battery fire death numbers are high
Inflation oozes into vehicle interest rates
The banks, more risk, more rate
Know your budget and stick to it
Down payment isn’t a lock
Employment offers and testimonials help
FTB, finance first, buy and negotiate second
Don’t give up
Shop every bank
Financing has many sources
Referral letters will help
Cosigners are the best answer
Recourse dealers
Improve the risk
Buy here pay here may be the last choice
Next Episode
Maximizing your trade or outright sale value
What you should do to get the most out of your vehicle
1. Various medias say EV‘s are tanking
2. More and more EV fires
3. Price difference and depreciation could be $40,000 or more
4. Rates are up so credit comparison shopping is a key
5. Both rate and terms
6. Which method, trade in, sell to a dealer or sell outright
7. No matter what you trade in or sell, Recondition as much as you can
8. Know why you are selling, they will ask
9. What you should verify and know
10.Retailing pays
11.Preparation is the same
12.Know what you are trading
13.Deal first, trade second
14.Getting all the resale out of yours
15.Small investment, big return
16.No matter how old it is, prepare
17.Trade payoff planning before it is a problem
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